Adjustable rate mortgage, 10% down.

I started my career as a commercial banker a long time ago, but have been an independent mortgage broker for nearly a decade.

If they want their money back fast like a flip then let them flip it and you buy it as a primary residence with a conventional or fha mortgage.

That's three months of mortgage and utilities, the cost of flooring, and the cost of painting.

If you find someone giving you confused looks, seek a mortgage broker that helps investors.I'm not so sure how they would calculate income from short-term rentals.  

Those that could afford the huge mortgage bought a primary, built ADU and did STRs or MTRs in S.F.

.- Does the condo have an existing STVR permit or will you need to apply for it?

Mortgage rates at 7% 2. 25% down3. 10% of current rents budgeted for capex, monthly repairs and maintenance and property management fees. 

This year is slower than normal because mortgage rates and home prices are so high.

If your parents do not have experience and you are eager to learn, you should come up with a strategy with your parents so that you can start managing the existing portfolio and finding a way to grow it.First and foremost I would maximize the property as much as possible now.How well is it maintained - any deferred maintenance?